Idex Corporation (NYSE:IEX) Could Burn Your Long Portfolio After More Shorts

Investors sentiment increased to 1.04 in Q2 2019. Its up 0.02, from 1.02 in 2019Q1. It improved, as 20 investors sold IDEX Corporation shares while 118 reduced holdings. 40 funds opened positions while 104 raised stakes. 69.62 million shares or 1.20% more from 68.79 million shares in 2019Q1 were reported.
Tower Research Ltd Limited Liability Company (Trc) has invested 0.04% of its portfolio in IDEX Corporation (NYSE:IEX). 527 were accumulated by Acadian Asset Mgmt Limited Liability Corporation. Louisiana State Employees Retirement owns 19,400 shares. Retirement System Of Alabama accumulated 168,928 shares. Rhumbline Advisers, Massachusetts-based fund reported 214,812 shares. The New York-based Goldman Sachs Group Inc has invested 0.03% in IDEX Corporation (NYSE:IEX). Connecticut-based Paloma Management Commerce has invested 0.03% in IDEX Corporation (NYSE:IEX). Raymond James Fincl Serv Advsrs Incorporated stated it has 0% in IDEX Corporation (NYSE:IEX). 737,174 are owned by Waddell Reed Inc. Stock Yards Natl Bank And Tru Co holds 0.02% of its portfolio in IDEX Corporation (NYSE:IEX) for 1,524 shares. Ny State Common Retirement Fund reported 231,350 shares. Toronto Dominion Comml Bank stated it has 0% in IDEX Corporation (NYSE:IEX). Chicago Equity Lc owns 0.07% invested in IDEX Corporation (NYSE:IEX) for 9,675 shares. Morgan Stanley accumulated 95,962 shares or 0% of the stock. Credit Suisse Ag holds 180,732 shares.

The stock of Idex Corporation (NYSE:IEX) registered an increase of 16.61% in short interest. IEX’s total short interest was 1.26 million shares in September as published by FINRA. Its up 16.61% from 1.08 million shares, reported previously. With 354,900 shares average volume, it will take short sellers 4 days to cover their IEX’s short positions.

The stock increased 0.51% or $0.86 during the last trading session, reaching $170.37. About 191,422 shares traded. IDEX Corporation (NYSE:IEX) has risen 13.69% since September 13, 2018 and is uptrending. It has outperformed by 13.69% the S&P500.

IDEX Corporation, through its subsidiaries, provides various pumps, valves, flow meters, other fluidics systems and components, and engineered products worldwide. The company has market cap of $12.92 billion. The Company’s Fluid & Metering Technologies segment designs, produces, and distributes positive displacement pumps, flow meters, injectors, other fluid-handling pump modules and systems, and specialty valve products, as well as offers flow monitoring and other services for food, chemical, general industrial, water and wastewater, agricultural, and energy industries. It has a 30.65 P/E ratio. The company's Health & Science Technologies segment offers precision fluidics, rotary lobe pumps, centrifugal and positive displacement pumps, roll compaction, and drying systems for use in beverage, food processing, pharmaceutical, and cosmetics; pneumatic components and sealing solutions, such as pumping solutions for analytical instrumentation, clinical diagnostics, and drug discovery; sealing components; biocompatible medical devices and implantables; and air compressors for medical, dental, and industrial applications.

IDEX Corporation (NYSE:IEX) Ratings Coverage

Among 3 analysts covering Idex Corp (NYSE:IEX), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Idex Corp has $18000 highest and $153 lowest target. $168’s average target is -1.39% below currents $170.37 stock price. Idex Corp had 6 analyst reports since March 22, 2019 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, July 15. The firm has “Buy” rating given on Friday, March 22 by RBC Capital Markets. As per Tuesday, April 16, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Monday, July 29.

More notable recent IDEX Corporation (NYSE:IEX) news were published by: Ft.com which released: “IEX to impose connectivity fees for the first time – Financial Times” on August 09, 2019, also Seekingalpha.com with their article: “More on IDEX Q4 results – Seeking Alpha” published on January 30, 2019, 247Wallst.com published: “4 Industrial and Chemicals Picks for Solid Upside – 24/7 Wall St.” on September 13, 2019. More interesting news about IDEX Corporation (NYSE:IEX) were released by: Businessinsider.com and their article: “IEX just released a mock infomercial trolling NYSE and Nasdaq, and it’s sure to get Wall Street’s attention – Business Insider” published on February 21, 2019 as well as Ft.com‘s news article titled: “‘Flash Boys’ exchange IEX backs regulator in data fees fight – Financial Times” with publication date: May 14, 2019.

IDEX Corporation (NYSE:IEX) Institutional Positions Chart

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